Sooner or later it should arrive, the European Union
is not able to balance its economy in all its territory and although it is certain
that at the moment he goes saving the furniture and its Euro is not able to be
redoed of its crisis it arrives late to everything he didn't want to see first
that Greece could not continue in the UE it began late to start its QE when the
companies and many economies were already at some levels so low that it is they
impossible to go back it ends up late devaluating the Euro and although he is
making it the truth it is that it is not for action of the UE but for the
inertia of the general financial and monetary market.
That is to say the low Euro because the dollar ascends
and it was not that because this what supposes is that Europe has helped to
save the crisis of the USA giving a bigger competition to its products thanks
to its smallest cost, for the simple one made of trading them with a cheaper
foreign currency that other, when the truth was that the factories and the
services of the USA were more expensive than those of the UE simply because the
economy of the USA even with the crisis it was very superior that the European.
Well these lost years we won't recover them now when the euro arrives to the
parity with the dollar the USA they won't have advanced at least one
decade.
Another effect that will happen and that they have not
seen come and it has not served us as anything it is that we have benefitted
absurdly to a country that is the branch of the USA in Europe I refer to the
Great Britain that has been taking advantage of the benefits of the trade and
mainly of being the square financial base of Europe in front of the world
thanks to that it has not used the euro with that that their economic back
everybody knew that it was the dollar he doesn't liberate it and also its non-obedience
to the financial norms of the UE allowed him some impossible fiscal advantages
for Frankfurt to give an example.
Now when it is already known that the dollar will go
up the United Kingdom he already begins to move to go away or to become
independent more than the rigidity of the UE, do all forms "Great Britain
cannot choose among being isolated outside of the European Union or excluded
inside the organization", the first minister has declared David Cameron,
when presenting to the European Council officially the four points on those that
rotates the reformation that the United Kingdom seeks to renegotiate, a
negotiation that begins not well from the beginning since he has manifested
that if its proposals are not accepted, Cameron threatens to make campaign for
the exit of its country of the UE.
The United Kingdom wants the explicit recognition that
the UE won't discriminate against among the States that they are in the area
euro and those that, how the United Kingdom, he are not. The United Kingdom
wants bigger power so that the national parliaments can block legislation of
the European Union. The United Kingdom wants to be to the margin of the
European project of forging a bigger political integration. A commitment in the
Treaty that should not continue in vigor for the Britons. The United Kingdom
wants to restrict the access to the social benefits, arrived immigrant workers
of the European Union, until they don't take four years residing in the
country. In short that the Great Britain wants to be single friend and
well-known of the UE and nothing else.
And that we will say of Greece that has not already
said. The minister of Finances of the area euro, the Euro group, they meet
today in Brussels to certify that there is not agreement with Greece to pay the
next tract of the rescue, of 2.000 million Eurus. Does it return Greece again
to those walked or is a light setback alone? Here a quick guide to put on a
day. Greece and the rest of the Euro group reached in August an agreement for
which the Greek Government would receive up to 86.000 million Eurus in exchange
for implementing an ambitious package of reformations. The payment was
structured in a series of terms, each one of them divided in sub tracts and all
they conditioned to the execution of a series of measures.
The first payment noticed 26.000 million Eurus that it
was fractioned in turn in three sub tracts. At the moment, 23.000 million were
already paid in summer. However, the payment has trick. Of those 23.000 million,
10.000 are for recapitalized the Hellenic banks and they are in a bill of the
European Mechanism of Stability (MEDE). They won't be transferred Greece until
they are completed another series of specific reformations of the financial
sector. Besides this transfer, they are two pending payments, one of 2.000 million
and another of 1.000 million.
The initial plan contemplated the payment of the first
one by the middle of October in exchange for a fiftieth of reformations, and
the second, by the middle of November. However, the advanced general elections
summoned in September by Alexis Tsipras, first Greek minister, they forced to
retard the terms. I don't know if they were the elections or it was the
impossibility of fulfilling the required payments the question it is that
Greece demonstrated again that he/she will never be able to pay the debt that
crawls.
So I would advise to the UE that begins to take
serious measures and seriously but it doesn't stop tomorrow but if it is possible
it stops today or when he realizes he won't have neither Greece neither the
Great Britain neither Spain and alone he will have some hundreds of refugees'
thousands swarming for the towns and cities of Europe looking for what there is
not that is to say in Europe work and future
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